Deal is in very final stages with Amgen and likely gets done this weekend, early next week at the latest. The two have been working together for weeks on this....almost there.
Amgen will buy you guys
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Why yes I am. For a small fee I will be able to tell you of your future with the new Amgonyx.
How about Colonyx.....aka an Onyx colon cleanse.
I for one am excited to start working for big pharma. Just think, company cars, sharing rooms at POA meetings, reach and frequency targets and micromanaging managers who just one year ago were selling Beaudreux's Butt Paste. Maybe I can even aspire to be a district sales trainer.
And keep telling yourself that taking that Key Opinion Leader Devopment role was a good career move. Good luck with Amgen keeping those positions around.
So let me see if I can follow your line of thinking. If the stock doesn't go for at least 165 then you say no way should we take 130 and let the price tank back down to the 70's or 80's?
It's not going to drop back under $100 no matter what happens...a buyout is inevitable and at the very least we know we are worth $120 on the open market. You field dummies have no idea what you are talking about, you get a little nervous whenever there is an Motley Fool article and you panic...stay tuned it's going to sell, it's going to sell in the 160's. Stop checking Yahoo finance 20 times a day and the let big boys and girls handle the business side of things why you perfect your catering skills...
The company has blown it. They should have taken the $120. The company management is hemming and hawing about getting back to normal business. I think everyone at the table has backout out, including Amgen. As I predicted (hate to be right on this one), the intermin FOCUS readout wasn't great. In addition, earnings weren't as good as the street had predicted. All the players have taken their chips OFF the table. The good news is we're not going anywhere and will keep our jobs. The bad news, is that the company has lost so much of the good feeling and morale they had worked so hard to build.
I had hoped to not work any more, but that is out of the question now. Thanks Dr. Coles!! Good job! Let the lawsuits begin!
I had hoped to not work any more, but that is out of the question now. Thanks Dr. Coles!! Good job! Let the lawsuits begin!
Thant makes no sense...you can sell all that is vested for $125 so you'd make $5 more a share!
Thanks for setting us straight. Please explain how you keep coming back with $160 when others keep dropping out saying it is over valued where it is now? Is TC standing firm on $150-160? What happens when everyone backs off at that price? Will we run back to Amgen and beg for $130?
It’s called a negotiation…contrary to what you may think, they do not happen overnight. July 1st was when the Amgen press release went out. Today is August 14th. Sorry to have to inform you but $10B+ deals can take months to negotiate. Also stop getting hung up on ‘anonymous sources’ and ‘unnamed person with close knowledge’…99.99% of the time those are BS leaks that one side is using to apply pressure the other side…again it is called a negotiation…and like love and war…all is fair.
To answerer a few of your questions…it doesn’t really matter what the stocks does day to day so stop worrying that is went from 136.87 to 124 – it really doesn’t mean anything in terms of a buyout price. All you are seeing is the reaction to a leak…which undoubtedly came from one of our suitors to shake out the weak stomachs and rattle Onyx a bit. It happens all the time in M&A’s. Next, stop thinking this is TC’s decision. He has the BOD, Centerview, and probably has a few other M&A consultants/experts in the room helping with this process. He is talking to our largest institutional investors to get a sense at where they are at in all of this. This is not some unilateral decision that TC is making. If we as a company stand our ground on whatever number the perceived value is say $160 in the minds of the ET/Centerview/BOD than that is a good thing. Why would you want to sell the company today for $130 if you think it is worth more? The shares you have do not have any value until you sell it so what’s the big deal if we don’t sell today, the stock goes to $85 and then six months from now we sell for $170? So no, if no one is willing to pay what ‘we’ think we are worth we don’t go running back to Amgen or whomever to get a deal. Remember we have a lot of cash on hand, we are narrowing losses, and we do not need to sell – especially on the cheap. We are in the driver’s seat in this whole thing and I’m glad that TC and the board are acting like it. Would you rather not wait six months for $170 than get $130 today? If you are very risk adverse then sell everything right now for $125 and buy back if the stock drops to $100 or below.
What I’m tired of reading on here is any time there is any sort of news – real or otherwise people on here freak out. If you don’t have the stomach for it sell it all now! It’s that easy and you will still make a lot of money and you can stop worrying about it every day.
Umm, just wondering, did you buy more today at $114?
Buying back in on after-hours...wasn't at the computer today
...I sold all my espp and half my vested at $131ish and after I put aside the taxman's money I'm taking half of my proceeds and am buying back in now...missed $114 but grabbed some in the mid $115's...easy money in my mind as I still think a deal goes down and I think it will be above $130. The only reason I sold what I did is as the saying goes...bulls make money, bears make money, and pigs get slaughtered! I didn't want to oink...Buying back in on after-hours...wasn't at the computer today
Oink, oink, oink!!!
Amgen playing the game well. Make an offer, get rejected. Raise offer, but raise data issues at the same time and then wait. If Onxx BOD doesn't embrace Amgen's offer and terms soon, they'll end up getting less than the original offer and look like schmucks in the process.